MCX gold futures prices shed 0.34 percent during last week - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold
Global Economy
* Global equity indices displayed mixed signals. US Dow Jones was at settled at historic highs last week, while European peers also gained. Among Asian peers China’s SSE index and India’s Sensex dipped.
* US economy expanded at 2 percent on third quarter 2021, well below market expectation of 2.7 percent and slowing sharply from 6.7 percent in Q2 2021.
*US Federal Reserve’s Open Market Committee (FOMC) meets on November 2-3 to revise the monetary policy.
* US Consumer spending increased sharply by 0.6 percent MoM in September.
Currencies
* US dollar Index, a gauge of greenback, steadied above 94 marks.
* Euro shed 0.74 percent against dollar. Chinese yuan shed 0.33 percent, Japanese Yen slipped 0.47 percent against US Dollar.
* Indian rupee gained 0.10 percent against US dollar last week and settled at 74.91 points.
Gold
* LBMA spot gold fell 0.54 percent, COMEX gold futures eased 0.70 percent in the last week.
* MCX gold futures prices shed 0.34 percent during last week.
* Gold demand fell 7 percent YoY to 831 tonne in Q3 21, as the ETF outflows outweighed continued recovery in other sectors
* India’s gold demand recovered to pre-pandemic levels by 47 percent to 139.1 tonnes in Q3 21.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
